Quote:
Originally Posted by David70
This would matter far more to me than a comparison test where one car was judged to be slightly better than the other. If the numbers are accurate an additional $100k - $150k over the time I own it would matter as this is over an additional $1000 per month. Wouldn't matter if I could afford it, the cars are too similar to want to throw this money away.
Often wondered what the true cost of a 458 purchased today, driven 4k miles a year and sold 5 years from now. Possibly not that extreme?
Buy it for $185k and 5 years from now it is worth $150K? and I lost $7k a year in depreciation plus maintenance and repair (all rough estimates not based on a lot)? Buying a new Corvette would remove maintenance and repair but the depreciation would be similar and at 20k miles over 5 years even the 458 would have manageable maintenance and repair?
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buying a used exotic will almost always save you more money. My 458 costed me less then a lot of the M3 leases I see here. I'd save I've gotten 10k in depreciation over 3 years and 6000 miles. Add in another 15k for the insurance and property taxes and 1000 a year for maintenance.
But you need money to do it. As in a large downpayment on a loan. Money saved up for if something catastrophic happens to your engine or tranny. Its easy to get a lease or get financed for a new car compared to a 5-10 year old sports car / exotic